Report Code: A10773 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aluminum Carbide Market
Request Now !Aluminum carbide is a type of saline carbide that is categorized under the methanides group. It is a plain yellow or brown colored crystal chemical compound that gets decomposed in water by producing methane. Aluminum carbide is produced by the direct reaction of carbon and aluminum in a furnace. Aluminum carbide possesses high mechanical strength that makes it suitable to be used as abrasives and cutting tools in different industries. Aluminum carbide is used for different purposes such as cutting, drilling, metal fabrication, chamfering, engraving, grooving, polishing & lapping, and so on. Other end-use applications of aluminum carbide include construction, transportation, electrical, machinery, and others.
COVID-19 Â scenario analysis:
The outbreak of the COVID-19 pandemic severely affected the global aluminum carbide market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
One of the major factors responsible for driving the demand for aluminum carbide market is its extensive use as abrasives among different end-use industries such as construction industry, machinery, grooving and others. The compound has a wide range of applications including grinding, buffing, polishing, and drilling. Moreover, there are several other mechanical applications of aluminum carbide such as metal fabrication and chamfering. Apart from being used as abrasives, aluminum carbide is also employed as a reducing agent to reduce the creeping or deforming tendency of aluminum when exposed to stress for long time. On the other hand, aluminum carbide is also used in the electronic sector as finely dispersed particles in aluminum matrix. Thus, the growing electronics sector is expected to witness an increase in demand for aluminum carbide market.  The wide array of applications of aluminum carbide is expected to drive the demand in the near future. However, the fluctuating prices of the raw materials and high R&D costs associated with aluminum carbidemay act as a restraining factor for the market.
The market in the Asia-Pacific region accounts for a significant share of the global aluminum carbide market because of its high demand in the electronics and construction sectors. The market in Europe and North America region is also expected to witness lucrative growth owing to the growing metal fabrication and construction industries in the developed nations.
Key benefits of the report:
Questions answered in the aluminum carbide market research report:
Aluminum Carbide Market Report Highlights
Aspects | Details |
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By Application |
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By End-Use Industry |
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By Region |
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Key Market Players | Ingersoll Cutting Tool Company, Vora Industries, Advent Tool & Manufacturing, Mitsubishi Materials Corporation, Tunco Manufacturing, Garr Tool, Global Excel Tools Manufacturing, Best Carbide Cutting Tools, Rock River Tool, PROMAX Tools |
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